Replies to post #2081 on Energy XXI Ltd fka EXXIQ

[PinkBu]

IF the plan is approved Energy XXI stock will return to trading on NASDAQ or NYSE with ticker symbol changing from EXXIQ to EXXI (or whatever the company chooses).

BUT according to the current plan EXXIQ shareholders will not get any of the new stock. So if you have $1,000 invested in EXXIQ and the plan is approved Dec 13. your investment will be extinguished. It's almost worse than going to $0 because the stock just won't show up on your brokerage account. It's gone. It disappears.

Basically, the stock will uplist without us.

Welcome to trading Qs. It's very very rare that shareholders survive or get distribution, like SARAQ. That's why we have to read the company's plan and their treatment of shareholders. But even then, the plan can change...

so the most shareholders can hope for now is for the plan to NOT be approved on Dec 13.